Day: October 22, 2024

San Jose, CA, Oct. 22, 2024 (GLOBE NEWSWIRE) — Andes Technology, a leading supplier of high-efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, are proud to announce a partnership with Fractile, the company building the chips and systems needed to reach the next frontier of AI performance. Fractile is developing AI inference accelerators based on in-memory compute and aim to be able to run frontier AI models – large language, vision and audio models – two orders of magnitude faster than existing hardware, at a tenfold reduction in cost. Large language models and other foundation models have become the driving force behind the skyrocketing scale of data center AI compute requirements. From ChatGPT to the open-source Llama model series, LLMs and other foundation models are finding...

Singapore, Oct. 22, 2024 (GLOBE NEWSWIRE) —  noco-noco Inc. (the “Company”) announces that it has sought an extension to effect its reverse stock split in order to comply with Nasdaq’s minimum bid price requirement, following a delay that prevented the reverse split from taking place, by the previously set deadline of November 1, 2024. At the Extraordinary General Meeting (“EGM”) held on October 17, 2024, the Company’s shareholders approved a share consolidation (reverse stock split) and the adoption of an Amended Memorandum & Articles of Association (“MAA”), both intended to take effect immediately. However, due to the timing of the required filings, the reverse split was delayed. Specifically, the Company did not submit the Company Event Notification Form to Nasdaq five business days prior to the planned effective date....

– CEO and Co-Founder Daniel Barel will speak on two panels at Reuters Automotive USA in Detroit October 21-23 alongside C-suite representatives from auto-heavyweights– Chief Operations Officer Josh Tech will present at the LD Micro Main Event in Los Angeles October 28-30 TEL AVIV, Israel, Oct. 22, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that CEO and co-founder Daniel Barel will speak at Reuters Automotive USA in Detroit and Chief Operations Officer Josh Tech will present at the LD Micro Main Event XVII in Los Angeles. Both events are highly prestigious, with audiences including journalists, analysts, investors, future and current customers, suppliers, OEMs, tier ones and more. Reuters Automotive...

NNIT adjusts the 2024 financial outlook and now expects organic revenue growth to be around 6-7% (previously around 10%) and the Group operating profit margin to reach 6-7% before special items (previously 8-9%) on the back of unsatisfactory performance in Q3. An uplift in Q4 is expected based on improved transparency and a solid backlog for the remainder of the year following recent important contract wins. Based on preliminary and unaudited financial figures, NNIT generated Q3 2024 Group revenue of DKK 445 million (2023: DKK 453 million) and Group operating profit of DKK 17 million before special items (2023: DKK 26 million) corresponding to organic growth of -1.6% (2023: 11.1%) and a Group operating profit margin of 3.9% before special items (2023: 5.8%) in the quarter. For the first nine months of 2024, Group revenue was DKK 1,382...

London, United Kingdom, Oct. 22, 2024 (GLOBE NEWSWIRE) — Oak Hill Advisors (“OHA”) served as Lead Left Arranger for a private unitranche facility supporting the acquisition of Farsound Aviation Limited (“Farsound”) by private equity sponsor Onex. Farsound is a leading global supply chain solutions provider for the aerospace engine maintenance, repair and overhaul (“MRO”) market. OHA’s extensive knowledge of the aerospace sector and experience from previous investments in the industry enabled it to play a key role in this LBO financing solution. “With its best-in-class management team and unique business model, supported by Onex’ extensive experience and strategic presence in the industry, we believe Farsound is well-positioned to continue its strong growth trajectory,” said Alexis Atteslis, Co-Head of Europe and Partner at OHA....

BATON ROUGE, La., Oct. 22, 2024 (GLOBE NEWSWIRE) — H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”, d/b/a “H&E Rentals”) today announced that it will release its 2024 third quarter financial results before the market on Tuesday, October 29, 2024. The Company will also hold a conference call to discuss third quarter results on Tuesday, October 29, 2024, at 10:00 a.m. (Eastern Time). To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 1:00 p.m. (Eastern Time) on October 29, 2024, and will continue through November 12, 2024, by dialing 877-344-7529 and entering the confirmation code 3897091. The live broadcast of H&E’s quarterly conference call will be available online at www.he-equipment.com...

Hsinchu, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) — Andes Technology Corporation (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099), a leading supplier of high-efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, proudly announces the launch of its industry-leading functional safety RISC-V processor AndesCore™ D45-SE, targeting ISO 26262 ASIL-D (Automotive Safety Integrity Level D) certification. The D45-SE, derived from the production-proven D45, is a 32-bit, 8-stage dual-issue processor that supports the RISC-V GCBP extensions, including single/double precision FPU, 16-bit compression, bit manipulation, draft of packed SIMD/DSP extensions, and the Andes performance enhancements. Furthermore, it incorporates numerous safety features, such as dual-core lockstep (DCLS),...